Record-high crude imports in India have pushed Asia’s oil arrivals in May to the highest level in a year, per data compiled by LSEG Oil Research and cited by Reuters columnist Clyde Russell. Asia, the key crude oil importing region and a gauge of oil demand trends, is set to welcome in May 27.81 million barrels per day (bpd) of crude oil volumes, nearly 1 million bpd higher than the April imports, per the LSEG Oil Research data.
Most of the 920,000-bpd growth in Asia’s estimated crude oil imports this month has been…Strong Indian Purchases Push Asia’s Crude Imports to One-Year High
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